Northern Dynasty Minerals (TSE:NDM) Stock Price Up 13.8% - Here's Why

Key Points

• Northern Dynasty Minerals' stock price increased by 13.8%, reaching C$1.50 during trading after closing at C$1.30, although trading volume dropped by 33% compared to its average.
• The company has a market capitalization of C$844.18 million, with a significant debt-to-equity ratio of 2.33 and a current ratio of 1.04.
• Recent insider trading included sales of over 1.4 million shares by company directors, totaling approximately C$4.1 million, highlighting potential concerns regarding insider sentiment.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK's stock price rose 13.8% on Wednesday . The company traded as high as C$1.50 and last traded at C$1.48. Approximately 745,273 shares were traded during trading, a decline of 33% from the average daily volume of 1,108,017 shares. The stock had previously closed at C$1.30.

Northern Dynasty Minerals Price Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The company has a market cap of C$844.18 million, a PE ratio of -10.20 and a beta of -0.36. The company's 50-day simple moving average is C$1.25 and its 200 day simple moving average is C$1.48.

Insider Buying and Selling

In other Northern Dynasty Minerals news, Director Michael Heatwole sold 102,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$2.94, for a total value of C$300,186.00. Also, Senior Officer Stephen Hodgson sold 200,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$3.03, for a total transaction of C$606,400.00. Insiders have sold a total of 1,418,914 shares of company stock worth $4,122,570 over the last three months. 1.86% of the stock is owned by insiders.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.

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